Incentify, an AI startup founded in 2019, recently secured $9.5 million in Series A funding, led by Innovent Capital Group. The company addresses a critical issue where businesses may miss out on over $1.2 trillion in potential tax credits and incentives. With clients like Amazon and KPMG, Incentify's platform utilizes AI to streamline the identification and application of these tax benefits. The CEO, Laurence Sotsky, emphasized the strength of their comprehensive database and AI model. Despite challenges in attracting venture capital due to its unique business model, the recent funding is set to enhance their service offerings significantly.
Incentify's Series A funding of $9.5 million will enhance its AI-driven platform, which helps companies find and utilize tax credits, addressing an immense $1.2 trillion incentive gap.
The funding round was led by Innovent Capital Group, and with this financial boost, we aim to help businesses uncover tax benefits that are going untapped.
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